[{"id":3154,"date":"2025-10-02T15:01:01","date_gmt":"2025-10-02T20:01:01","guid":{"rendered":"https:\/\/mccif.org\/?p=3154"},"modified":"2025-10-02T15:38:26","modified_gmt":"2025-10-02T20:38:26","slug":"peoplefund-and-mclennan-county-investment-fund-mccif-announce-their-consolidation","status":"publish","type":"post","link":"http:\/\/mccif.org\/en\/peoplefund-and-mclennan-county-investment-fund-mccif-announce-their-consolidation\/","title":{"rendered":"PeopleFund and McLennan County Investment Fund (McCIF) announce their consolidation"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

Two CDFIs come together to better serve small businesses in Central Texas<\/span><\/h3>\n

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Austin, TX \u2013 October 1, 2025 \u2013 <\/span>PeopleFund, a Texas Community Development Financial Institution (CDFI) with a 30-year track record of impactful performance, and McLennan Community Investment Fund (McCIF), an emerging CDFI with deep roots in Waco and McLennan County, <\/span>today announced their consolidation.<\/a><\/p>\n

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This strategic initiative combines PeopleFund\u2019s scale with McCIF\u2019s strong local presence, expanding access to capital and resources for small businesses across Central Texas and preserving McCIF\u2019s mission while leveraging PeopleFund\u2019s scale, capital base, and operational infrastructure. PeopleFund and McCIF will maintain a permanent presence in Waco and establish McCIF\u2019s Revolving Loan Fund, a permanent fund.<\/span><\/p>\n

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\u201cOur vision at PeopleFund has always been to reach as many small businesses as possible while staying deeply rooted in the communities we serve,\u201d said Gustavo Lasala, President and CEO of PeopleFund. \u201cWe will leverage McCIF\u2019s strong relationships in the Central Texas community to reach more people than ever before while McCIF\u2019s expertise in Education will strengthen PeopleFund\u2019s ability to further scale its education programs to every corner of Texas and beyond.\u201d<\/span><\/p>\n

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To ensure Community representation, Tom Chase and Jocelyn Williams, former board members of McCIF, joined PeopleFund\u2019s Board.<\/span><\/p>\n

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\u201cI\u2019m thrilled that our vision for supporting small businesses in Waco and McLennan County is now amplified and will continue for years to come,\u201d said Tom Chase, Chairman, Insurors lndemnity Companies. \u201cThis consolidation not only preserves McCIF\u2019s local presence but also propels its growth and expands the impact it will have on the community.”<\/span><\/p>\n

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Small businesses in McLennan County will gain access to PeopleFund\u2019s diverse loan products, from Microloans, to SBA 7a loans, SBA 504 loans up to $5 million, and New Markets Tax Credit projects exceeding $7 million in investment. Specialized programs such as the Small Business Accelerator and PeopleFund Veteran Programs will expand into the region, offering tailored resources and affordable financing options. McCIF\u2019s office in Waco, TX will continue to serve as a hub for lending and small business advisory services in the area.<\/span><\/p>\n

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\u201cMcCIF was founded to create economic opportunity and expand access to financing for underserved small businesses in Central Texas,\u201d said Cris Houston, Executive Director of McCIF, who became the new Head of PeopleFund\u2019s Educational Programs. \u201cThis consolidation ensures that our mission is not only fulfilled going forward but also that our capacity to serve more small businesses grows significantly, expanding McCIF\u2019s suite of loan products beyond microlending. By achieving these goals, we are building a stronger platform for the delivery of affordable capital, business development education services, and economic opportunity to Central Texas entrepreneurs.\u201d<\/span><\/p>\n

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About PeopleFund<\/span><\/p>\n

PeopleFund is a nonprofit Community Development Financial Institution (CDFI) and SBA Lender, serving Texas communities for over 30 years. PeopleFund provides financial assistance, business education, and long-term support to small businesses and nonprofits owned by or serving low- and moderate-income populations. Since its founding in 1994, PeopleFund\u2019s direct impact on the Texas economy exceeds $1.2 Billion out of which $250 million was deployed to small businesses and non-profits that created or retained 25,000 jobs across the state. With more than $100 million in total assets and a team of 55, the organization serves the entire state of Texas and is the managing member of the Veteran Loan Fund. For more information, visit https:\/\/www.peoplefund.org\/<\/a>.<\/span><\/p>\n

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About McLennan Community Investment Fund<\/span><\/p>\n

Established in 2020, McLennan Community Investment Fund (McCIF) is a Texas CDFI with the primary purpose of lending to unbanked and underbanked small businesses located in or owned by those who reside in McLennan County, TX. As an emerging CDFI, it has offered numerous benefits to micro-enterprises, small businesses, and non-profit organizations through Small business lending and coaching.<\/span><\/p>\n

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For more information visit https:\/\/mccif.org\/en\/<\/a>.<\/span><\/p>\n

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Media Contacts<\/span><\/p>\n

Jenny Palecek, SVP of Philanthropic Partnerships<\/span><\/p>\n

jpalecek@peoplefund.org<\/a><\/span><\/p>\n

(512) 222-1005<\/span><\/p>\n

 <\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

Two CDFIs come together to better serve small businesses in Central Texas Austin, TX \u2013 October 1, 2025 \u2013 PeopleFund, a Texas Community Development Financial Institution (CDFI) with a 30-year track record of impactful performance, and McLennan Community Investment Fund (McCIF), an emerging CDFI with deep roots in Waco and McLennan County, today announced their consolidation.   This strategic initiative combines PeopleFund\u2019s scale with McCIF\u2019s strong local presence, expanding access to capital and resources for small businesses across Central Texas and preserving McCIF\u2019s mission while leveraging PeopleFund\u2019s scale, capital base, and operational infrastructure. PeopleFund and McCIF will maintain a permanent presence in Waco and establish McCIF\u2019s Revolving Loan Fund, a permanent fund.   \u201cOur vision at PeopleFund has always been to reach as many small businesses as possible while staying deeply rooted in the communities we serve,\u201d said Gustavo Lasala, President and CEO of PeopleFund. \u201cWe will leverage McCIF\u2019s strong relationships in the Central Texas community to reach more people than ever before while McCIF\u2019s expertise in Education will strengthen PeopleFund\u2019s ability to further scale its education programs to every corner of Texas and beyond.\u201d   To ensure Community representation, Tom Chase and Jocelyn Williams, former board members of McCIF, […]<\/p>\n","protected":false},"author":15,"featured_media":3178,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-3154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/3154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/comments?post=3154"}],"version-history":[{"count":0,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/3154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media\/3178"}],"wp:attachment":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media?parent=3154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/categories?post=3154"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/tags?post=3154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}},{"id":3042,"date":"2024-11-21T15:55:56","date_gmt":"2024-11-21T21:55:56","guid":{"rendered":"https:\/\/mccif.org\/?p=3042"},"modified":"2026-03-22T09:30:11","modified_gmt":"2026-03-22T14:30:11","slug":"beneficial-ownership-filing-deadline","status":"publish","type":"post","link":"http:\/\/mccif.org\/en\/beneficial-ownership-filing-deadline\/","title":{"rendered":"Beneficial Ownership Filing Deadline"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-3042","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/3042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/comments?post=3042"}],"version-history":[{"count":0,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/3042\/revisions"}],"wp:attachment":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media?parent=3042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/categories?post=3042"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/tags?post=3042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}},{"id":2585,"date":"2023-07-28T09:19:06","date_gmt":"2023-07-28T14:19:06","guid":{"rendered":"https:\/\/mccif.org\/?p=2585"},"modified":"2023-07-28T09:33:32","modified_gmt":"2023-07-28T14:33:32","slug":"executive-director-position","status":"publish","type":"post","link":"http:\/\/mccif.org\/en\/executive-director-position\/","title":{"rendered":"Executive Director Position"},"content":{"rendered":"\n\n\n\n

\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\n\n","protected":false},"excerpt":{"rendered":"

Join our team and lead with purpose! McCIF is currently seeking a dynamic Executive Director to spearhead our organization’s growth and impact. Are you up for the challenge?<\/p>\n","protected":false},"author":15,"featured_media":2586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-2585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jobs"],"_links":{"self":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/2585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/comments?post=2585"}],"version-history":[{"count":0,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/2585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media\/2586"}],"wp:attachment":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media?parent=2585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/categories?post=2585"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/tags?post=2585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}},{"id":2561,"date":"2023-05-24T10:39:49","date_gmt":"2023-05-24T15:39:49","guid":{"rendered":"https:\/\/mccif.org\/?p=2561"},"modified":"2023-07-21T11:38:50","modified_gmt":"2023-07-21T16:38:50","slug":"we-received-our-cdfi-certification","status":"publish","type":"post","link":"http:\/\/mccif.org\/en\/we-received-our-cdfi-certification\/","title":{"rendered":"We Received Our CDFI Certification"},"content":{"rendered":"\n\n\n

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We recently received our Community Development Financial Institution certification from the U.S. Department of Treasury. The certification is a feather in the cap of us, as only 55 organizations in Texas hold a CDFI certification. <\/span><\/p>\n

Jane Allen, Executive Director of the McLennan Community Investment Fund, said certification as an official CDFI Fund would give McCIF access to significant federal grant funds from the U.S. Treasury. In turn, McCIF will lend those funds to small business owners in the area for their businesses\u2019 growth and further development. Some funds will also go toward providing financial education to small business owners.<\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>

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New business equipment and new business knowledge is a powerful combination for small business growth<\/span><\/p><\/div><\/div>\n\t\t\t\t\tJane Allen<\/span>\n\t\t\t\t\t

Executive Director<\/span>,<\/span> McLennan Community Investment Fund<\/span><\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>

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We serve small business owners lacking access to traditional banking systems by offering access to capital and financial how-to assistance. Additionally, we act as an avenue for small business owners to gain the financial strength and necessary skills to successfully enjoy and benefit from traditional banking systems in the long run. Some examples of assistance from us include skill building and small business loans. <\/span><\/p>\n

Community Development Financial Institution (CDFI) Certification is a designation awarded to specialized organizations that provide financial services in low-income communities and to people who lack access to financing. By building the capacity of a nationwide network of CDFIs, the CDFI Fund works to empower low-income and underserved people and communities to enter the financial mainstream. <\/span><\/p>\n

We would like to express our deepest thanks for the assistance and support that enabled us to achieve this important milestone. They sincerely appreciate and acknowledge the City of Waco, McLennan County, several local banks in Waco, TX, CDFI, and the citizens of Waco who support them. Their unyielding dedication, generosity, and commitment have proved instrumental in propelling us to our goals. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\n","protected":false},"excerpt":{"rendered":"

We recently received our Community Development Financial Institution certification from the U.S. Department of Treasury. <\/p>\n","protected":false},"author":15,"featured_media":2564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1080","footnotes":""},"categories":[17],"tags":[],"class_list":["post-2561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/2561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/comments?post=2561"}],"version-history":[{"count":0,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/posts\/2561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media\/2564"}],"wp:attachment":[{"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/media?parent=2561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/categories?post=2561"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mccif.org\/en\/wp-json\/wp\/v2\/tags?post=2561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}]